T-Mobile US (NYSE:TMUS): William Blair upgraded T-Mobile to Outperform from Market Perform, citing valuation and the company’s competitive wireless plans relative to other carriers. The firm sees more than 25 percent share upside from current levels.
Ericsson (NASDAQ:ERIC): Credit Suisse upgraded Ericsson to Outperform from Neutral, citing margin expansion potential and expectations for strong capex spending in the U.S. and Japan.
VeriFone (NYSE:PAY): Deutsche Bank says VeriFone’s fundamentals deteriorated further in the third quarter and reiterates a Sell rating on the stock with a $13 price target. The firm said VeriFone reported double-digit negative organic growth in all divisions while it continues to lose market share to competitors.
E-Trade (NASDAQ:ETFC): Goldman upgraded E-Trade to Buy from Neutral following regulatory approval of its capital plan that will allow it to begin upstreaming capital to the holding company. The firm believes E-Trade will have $2 billion in an excess capital to fund buybacks and debt, raising the shares’ price target to $19 from $13.50.